Reps Probe NNPC’s $100m Insurance Policy On Non-existing Assets
An investigative hearing into the $100 million premium allegedly paid by Nigerian National Petroleum Corporation (NNPC) and Joint Ventures (JVs) for non-existing assets overseas as well as the implementation of insurance policies of other Ministries, Departments...
NNPC Rules Out Equity Sale, Reduces Debts In JV With Shell, Chevron, Others To $2bn
The Nigerian National Petroleum Corporation (NNPC) has backpedalled from selling its equity in oil assets because of low oil prices and general poor state of the industry.
Group Managing Director, NNPC,...
NNPC Opens Bid For Depot, Pipelines Repair To Investors
The Nigerian National Petroleum Corporation has called on investors to bid for the repairs of pipelines and depots across the country.
It made the call through its bid and tender notice published on its website on Wednesday.
Most...
Petrol Imports Tumble 72.65% As COVID-19 Hits Demand
Amid the general gloom that the economy has suffered as a result of coronavirus pandemic, the volume of petrol imported into the country in May plummeted by 72.65 per cent, the latest data obtained from the Nigerian...
Nigeria Exported $4.47bn Crude, FAAC Got N1.83trn — NNPC
The Nigerian National Petroleum Corporation on Sunday put the worth of crude oil and gas exported from Nigeria between May 2019 and May 2020 at $4.47bn.
It also stated that the corporation remitted a total of N1.83tn...
4.36m Oil Barrels Lost To Power Outage, Others – NNPC
No fewer than 14 crude oil export terminals in the country were shut down in April and May this year owing to power outage and pipeline leakage, the Nigerian National Petroleum Corporation has said.
According to...
